Researchers have used various measures as indications of “earnings quality” including
persistence, accruals, smoothness, timeliness, loss avoidance, investor responsiveness …

We compare the quality of accounting numbers produced by two types of public firms—those
with publicly traded equity and those with privately held equity that are nonetheless …

We empirically test the association between conditional conservatism and cost of equity
capital. Conditional conservatism imposes stronger verification requirements for the …

This study examines the impact of penalties assessed to publicly traded firms by the US
Environmental Protection Agency (EPA). Specifically, we look at whether there is an impact …

This study addresses simultaneity bias in piecewise linear forms of the earnings-return
relation. We specify an overidentified system of simultaneous equations that incorporates …

Following the work of Basu in 1997, the excess of the sensitivity of accounting earnings to
negative share return over its sensitivity to positive share return (the Basu coefficient) has …

Following Basu (1997), the difference between the sensitivity of accounting earnings to
negative equity return (proxy for bad news) and its sensitivity to positive equity return (proxy …

There is a profound gap between models of accounting conservatism and the proxies for
conditional conservatism currently used by the empirical literature. Not one of the proxies …

In this paper, we examine the role of firm heterogeneity of earnings in measuring accounting
conservatism. Prior studies have documented the extent of accounting conservatism (in the …

I examine why operating cash flows exhibit asymmetric timeliness with respect to stock
returns and given this understanding, address the consequences for research into …